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at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have t figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melia: neither of these proposals, neither side gets us closer to closing the enormous gap you're talkin about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers you 4,000. this is classic negotiating. we have to be serious. this isn't just a game. we're not playing poker on a thursday night. if we don't get fix ou fiscal problem, by the way to give republicans credit, i just don't want to attack them, they passed the ryan budget earlier this year and st year and that actually does conta
at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have t figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melia: neither of these proposals, neither side gets us closer to closing the enormous gap you're talkin about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people...
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Dec 9, 2012
12/12
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FOXNEWSW
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john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> h
john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid...
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Dec 16, 2012
12/12
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FBC
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john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> h
john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid...
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Dec 10, 2012
12/12
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FOXNEWS
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john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> h
john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid...
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john: italy first. if you start a business a keep it small, up that 1 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talki about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eighthours per month. >> if you hire one more he must beisabled? >> number 16 the next one must be disabled or you pay the fine. john: 51, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly yowill turn up and know them they show them two years. >> having 350,00
john: italy first. if you start a business a keep it small, up that 1 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talki about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave?...
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Dec 10, 2012
12/12
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FOXNEWSW
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john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> h
john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid...
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john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you reesentatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> hav
john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you reesentatives that is entitled to paid...
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Dec 8, 2012
12/12
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FOXNEWSW
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john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month >> if you hire one more he must be disabled? >> number 16 the nextne must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years >> havin
john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid...
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, but you had to go-- >> you know what. >> and you could have gone after france, but no, no, mother italy. charles, charles. >> firsthand experience. >> a lot of it points to a serious insecurity and you know, kids gone directly from college with the parents and sometimes may even have a job, but everyone is so intimidated by the economy o such a lack and i don't care what the polls say, people are worried about this, we have mcmahons reconfigured and i was going to sell my home, me and my wife and become a snow bird and that's not happening. it's rrisom i know a guy who is actually charging his parent rent. i'm serious. (laughter) >> and neil. and giving the social security check, listen, i've the got a couple of rooms in the basement. >> and he's charging them? >> they say the company you keep. you keep your company. >> adam, adam? >> neil, i know you rely on me on this program to express reagan optimism and i have to say. >> neil: no. >> and i think there's something sweet about this. i think you all are msing the point. this gives us a an opportunity a country a little bit to get back
, but you had to go-- >> you know what. >> and you could have gone after france, but no, no, mother italy. charles, charles. >> firsthand experience. >> a lot of it points to a serious insecurity and you know, kids gone directly from college with the parents and sometimes may even have a job, but everyone is so intimidated by the economy o such a lack and i don't care what the polls say, people are worried about this, we have mcmahons reconfigured and i was going to sell...
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439
Dec 1, 2012
12/12
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MSNBCW
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say you are in italy and you see formaggio marcio on the menu. and no, i have no idea if i pronounced it right, that's why i need an app. so you think this is a cheese and it is a cheese, a cheese with live maggots in it. a civilian delicacy, but one you did not mean to order. if only you knew what it meant. there is a menu app for policy. there is one at the washington post, sorry, i have to do my plug. you may have heard a term floating around washington, tax reform. when politicians get specific, quote, base rodding and he rate reform. it is bieber and honey boo boo and gangnam style all rolled into one. >> when ronald reagan ran for office he laid out the principles he was going to foster. he said would he lower tax rates. he said would he broaden the base. those are my principles. bring down rates. broaden the base. simplify the code. and create incentives for growth. >> we're willing to accept some additional revenues via tax reform. simpler, cleaner, fairer tax code with fewer loop holes and rates for all. >> in simpson-bowles, democrats l
say you are in italy and you see formaggio marcio on the menu. and no, i have no idea if i pronounced it right, that's why i need an app. so you think this is a cheese and it is a cheese, a cheese with live maggots in it. a civilian delicacy, but one you did not mean to order. if only you knew what it meant. there is a menu app for policy. there is one at the washington post, sorry, i have to do my plug. you may have heard a term floating around washington, tax reform. when politicians get...
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Dec 7, 2012
12/12
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CNBC
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it's not very long before you're italy under those circumstances pmplgts that's for sure. ed, good to see you. thank you for joining us today. appreciate it. >> thank you. >> we'll reach across the other side of the aisle. laura tyson, the former council of economic advisers under president clinton will be up next with her take on today's jobs report. >>> later on, will the housing recovery go to pops if we go over the fiscal cliff? our panelists will join us with their doom and gloom predictions. that's all coming up on "the closing bell." >> oh, boy. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm an
it's not very long before you're italy under those circumstances pmplgts that's for sure. ed, good to see you. thank you for joining us today. appreciate it. >> thank you. >> we'll reach across the other side of the aisle. laura tyson, the former council of economic advisers under president clinton will be up next with her take on today's jobs report. >>> later on, will the housing recovery go to pops if we go over the fiscal cliff? our panelists will join us with their...
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germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance which has a tradition of small and two premierships you go to a small. construction area. making clothes in gucci style in florence or making food in bali and export all over the world but it is they've been doing that for a thousand years or so and then you compare it to rome maples in southern italy it's a total disgrace day themselves and say that they live in africa and in fact so this is the problem is the inequality inside the western capitalist system and this inequality is being reproduced by the chinese most of the time i am between those americas north and south europe and china whenever i travel inside china i see the same mistakes they are committing that the west has been committing for the past twenty years and it's basically to apply new liberalism to china alexander you clarkie disagree go ahead yeah of course i disagree the problem is not inequality in and of itself the problem is the degree of inequality and i have driven around the southwestern united s
germany which have some of the best standard of living anywhere in the world you have northeastern italy for instance which has a tradition of small and two premierships you go to a small. construction area. making clothes in gucci style in florence or making food in bali and export all over the world but it is they've been doing that for a thousand years or so and then you compare it to rome maples in southern italy it's a total disgrace day themselves and say that they live in africa and in...
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Dec 11, 2012
12/12
by
CNBC
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italy has the wealth, italy has the industrialization, it has the export. italy really could make a go of it. we didn't see any productivity in the last decade. it should have made italy stronger. i personally am much more concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank you so much for coming by. >>> staying at the eurozone, investors will be watching for anything coming from the italian crisis. the results of the spanish bond actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and
italy has the wealth, italy has the industrialization, it has the export. italy really could make a go of it. we didn't see any productivity in the last decade. it should have made italy stronger. i personally am much more concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank...
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Dec 10, 2012
12/12
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CNBC
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no rest for italy. banking stocks lead the ftse mib lower as political uncertainty speaks investors. economic malaise in europe, japan and the u.s. all taking its toll. and obama and boehner meet face-to-face as the clock ticks towards the fiscal cliff. >>> china's growth has recently improved. may well be on track to surpass beijing's 7.5% gdp target for the year. but november's softer than expected trade data highlights the vulnerability to riskes from abroad. joining us more now is eunice eune. how likely is it that we see china hit or surpass these growth targets given the figures showed us? >> well, people are growing concerned about just that. the trade data really highlighted a lot of the problems going forward in terms of the global demand for chinese-made goods. people were really surprised about the export data which came in at 279% growth. everybody had expected to see 9% growth which would already have been a slowdown. they were also quite surprised by the import number, which came in at zer
no rest for italy. banking stocks lead the ftse mib lower as political uncertainty speaks investors. economic malaise in europe, japan and the u.s. all taking its toll. and obama and boehner meet face-to-face as the clock ticks towards the fiscal cliff. >>> china's growth has recently improved. may well be on track to surpass beijing's 7.5% gdp target for the year. but november's softer than expected trade data highlights the vulnerability to riskes from abroad. joining us more now is...
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Dec 3, 2012
12/12
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CNBC
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as intention has increasingly focused on spain and italy, i think people at this point have pretty much written greece off. i think there is still a widespread belief following the german elections that debt burden is going down in the official sector, just a matter of how much. >> gina sanchez, this is live tv of course. good to have you back up and running. we have climbed the wall of worry many, many times. quite often when we climb that wall of worry we miss out on gains. is there something different this time around? are the worries justified or are we going to miss out? >> well, generally our view is that we're going to get to the end of the fiscal cliff with a resolution but that it is going to be turbulent up until that point. and so we're probably going to climb a wall of worry there. i think the issue on europe though is one that we basically -- i agree with brian, we've put europe to the back burner and probably some time at the second half of next year it is going to crop back up as an issue. but you could see, for example, the sort of classic january bounce or we think actu
as intention has increasingly focused on spain and italy, i think people at this point have pretty much written greece off. i think there is still a widespread belief following the german elections that debt burden is going down in the official sector, just a matter of how much. >> gina sanchez, this is live tv of course. good to have you back up and running. we have climbed the wall of worry many, many times. quite often when we climb that wall of worry we miss out on gains. is there...
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Dec 21, 2012
12/12
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KCSMMHZ
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the south stream pipeline is meant to carry russian gas through bulgaria to austria and italy, but the u.s. and russia are arguing over the rules to be applied to the new pipeline. >> it is true that some difference remained regarding some aspects of energy relations between europe and russia. >> european demands for russia to separate gas companies and distribution channels have so far had no effect. and the russian leader was not prepared to take the criticism lying down. >> my good friend explained his position at such great length and with such a motion because he has a feeling he is in the wrong. >> the ongoing disputes about energy and trade are taking their toll on the you-russian relations. >> italy's prime minister has resigned. this move paves the way for elections to be held as early as february. mario monti has promised to hand in his resignation -- or had promised to hand in his resignation as soon as parliament passed a 2013 budget, which he led his -- kept his promise. he led a government of technocrats for the past year. europeans had held his economic reforms, but vote
the south stream pipeline is meant to carry russian gas through bulgaria to austria and italy, but the u.s. and russia are arguing over the rules to be applied to the new pipeline. >> it is true that some difference remained regarding some aspects of energy relations between europe and russia. >> european demands for russia to separate gas companies and distribution channels have so far had no effect. and the russian leader was not prepared to take the criticism lying down. >>...
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Dec 10, 2012
12/12
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CNBC
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big political news out of italy, shaking that market overnight and sending yields surging. word that prime minister mario monti will resign early and that silvio berlusconi is considering a comeback. carolyn roth is live in rome with the very latest. what can you tell us? >> well, the perceived political calm that we've seen in italy over the last 13 months, that came to a very abrupt end over the weekend. that's when prime minister mario monti surprisingly resigned, which still hinges on the passage of a budget law before the end of the year. at the same time, very controversial former prime minister silvio berlusconi also said he is run fog are the prime minister post again. so this is got markets extremely wore rid. here's why. because markets are concerned that the new government would be elected on february 24th, that this new government will not be implementing the austerity measures that mr. monti has implemented over the last couple months. but is this concern actually warranted? well, if you speak to a number of analysts, well they'll say, no, because if you look a
big political news out of italy, shaking that market overnight and sending yields surging. word that prime minister mario monti will resign early and that silvio berlusconi is considering a comeback. carolyn roth is live in rome with the very latest. what can you tell us? >> well, the perceived political calm that we've seen in italy over the last 13 months, that came to a very abrupt end over the weekend. that's when prime minister mario monti surprisingly resigned, which still hinges on...
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for this national debt in the last decade has skyrocketed most humiliating of all for greece portugal italy and spain the future only gets worse is how spain's buying slowed to one trillion on the tykes failed private lenders gambled and built three million houses people called to forward one of them thank you no runs off as it was of the national economy claiming that too big to fail government is nationalize them turning a plain crap bank into a bankrupt nation. the worst kept secret on the markets is no one will touch the euro while four of its members at least are on the brink. hardly anyone actually train zeroes any more random walk of the drunken offspring of a failing marriage. bookmakers don't give greece a sporting chance they've stopped accepting bets on the country's euro exit it's all turning people not just off the road but of the european union itself. britain's anti e.u. party just beat the ruling tories to gain record support in elections checkmate the free citizens was founded by pizza mike a disillusioned boys it's of the country's president you prison rules he told me sto
for this national debt in the last decade has skyrocketed most humiliating of all for greece portugal italy and spain the future only gets worse is how spain's buying slowed to one trillion on the tykes failed private lenders gambled and built three million houses people called to forward one of them thank you no runs off as it was of the national economy claiming that too big to fail government is nationalize them turning a plain crap bank into a bankrupt nation. the worst kept secret on the...
SFGTV2: San Francisco Government Television
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Dec 10, 2012
12/12
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SFGTV2
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at a football game, he is looking with all the other men, and it is italy against switzerland. at one time, the italians win. i find it beautiful and emotional at the same time. he betrayed himself through that reaction, and at the same time, it was beautiful, but at the same time, it is sad that you have to change your color or to hide it. that you have to do something like that to deny even your origin. you have to be proud of your urgent and to show it. >> you are giving me a challenge and a challenge -- giving me a challenge and yourself a challenge. what about cult? that is not something to hide behind. it is so out there, and yet, it can be quite important part of your collection. why? >> i have been very marked by the movement. -- what about punk? >> it is not like a creation, absolute. it is part of living in society. of course, the punk movement was very important. like already taken by the society in some ways. i must say that when i was going to london, i loved that. the inspiration, through the air, to everything. at the same time, i was fascinated. because i was no
at a football game, he is looking with all the other men, and it is italy against switzerland. at one time, the italians win. i find it beautiful and emotional at the same time. he betrayed himself through that reaction, and at the same time, it was beautiful, but at the same time, it is sad that you have to change your color or to hide it. that you have to do something like that to deny even your origin. you have to be proud of your urgent and to show it. >> you are giving me a challenge...
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Dec 5, 2012
12/12
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LINKTV
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(reader) "...and now, fair italy! thou art the garden of the world. even in thy desert what is like to thee? thy very weeds are beautiful, thy waste more rich than other climes' fertility: thy wreck a glory, and thy ruin graced with an immaculate charm which cannot be defaced." (narrator) turner's travels in italy, like so many of his contemporaries, were part of a phenomenon called the grand tour. the artistic and architectural legacies of ancient rome and greece were thought to ennoble the minds that contemplated them. turner recorded their beauty-- the vestiges of power in ruin, history frozen in atmospheric splendor, a lost paradise still tinged by myth. he could capture that beauty like no one else which earned the praise of his friend the painter thomas lawrence. (reader) "the subtle harmony of this atmosphere, that wraps everything in its own milky sweetness... can only be rendered, according to my belief, by the beauty of his tones." (narrator) turner first saw the seductive beauty of venice in paintings by the 18th century venetian artist can
(reader) "...and now, fair italy! thou art the garden of the world. even in thy desert what is like to thee? thy very weeds are beautiful, thy waste more rich than other climes' fertility: thy wreck a glory, and thy ruin graced with an immaculate charm which cannot be defaced." (narrator) turner's travels in italy, like so many of his contemporaries, were part of a phenomenon called the grand tour. the artistic and architectural legacies of ancient rome and greece were thought to...
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Dec 29, 2012
12/12
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CSPAN2
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just one example, italy. italy has a book called the markkorah law. in italy if you're unemployed the government gives you a choice. you can get a weekly paycheck like we do here, unemployment compensation. choice number 2, the italian government will give you your entire two to three years of weekly unemployment checks up front as a lump sum on one condition, you must get at least ten other workers to make the same choice and that money must be used in italy. to begin and operate a collective enterprise of those unemployed workers. what is interesting, how to solve unemployment by creating a new kind of enterprise that would give the american people real freedom of choice. you want to work in a top-down hierarchical capitalist enterprise or try this other kind. would you like to buy the product of these kind of capitalist enterprises or would you like to buy the product of an enterprise where workers have a completely different life and relationship. these are new directions that come out of the crisis of capitalism and turn a bad thing into a good t
just one example, italy. italy has a book called the markkorah law. in italy if you're unemployed the government gives you a choice. you can get a weekly paycheck like we do here, unemployment compensation. choice number 2, the italian government will give you your entire two to three years of weekly unemployment checks up front as a lump sum on one condition, you must get at least ten other workers to make the same choice and that money must be used in italy. to begin and operate a collective...
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Dec 28, 2012
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especially in the case of italy. the country is fulfilling conditions of the ecb if it ever got into needed. it made the fiscal adjustment that was needed. if the country exits recession which we expect to happen next year and the growth at a potential growth rate of say 1 mers, 1.5%, with inflation under control, with interest rates back to levels which were normal for italy before the financial crisis, then all these adjustments altogether show that italy can go back on to a sustainable growth path and -- >> is that with or without berlusconi involved? because end of february are these elections. >> yes. the elections are, of course, more the campaign heading into the elections with all these noises, especially the end ecb noises that we hear from italy. that's going to cause concern that if italy does need help, how likely are they going to be to get it? in the years from 1993 to 2007 italy brought down its debt to gdp ratio to almost 100% and half of that time berlusconi is prime minister. it's not like berluscon
especially in the case of italy. the country is fulfilling conditions of the ecb if it ever got into needed. it made the fiscal adjustment that was needed. if the country exits recession which we expect to happen next year and the growth at a potential growth rate of say 1 mers, 1.5%, with inflation under control, with interest rates back to levels which were normal for italy before the financial crisis, then all these adjustments altogether show that italy can go back on to a sustainable...
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unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and then germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying. to clear business r.t. . all right now it's time to take a look at what's happening in the markets we start of course with the united states which are still trading president obama on friday is expected to make a new scaled back offer in a bid to avoid the looming fiscal cliff meanwhile the market is dropping for the fifth consecutive session as you can see there within one percent but europe was also dropping on the same fears on friday but there's still one more day before the end of the year the forty first of the somebody to turn that trend around russia's ruble ended the final session on a down note as you can see but over the year the ruble strengthen the around five percent against the dollar as that's pretty impressive and russia's markets saw final bit of a selloff but that's because nobody wants to assume the risk of mi
unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and then germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying. to clear business r.t. . all right now it's time to take a look at what's happening in the markets we start of course with the united states which are still trading president obama on friday is expected to make a new scaled back offer...
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unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying gnashing it's clear business are. going to what's happening in the markets we start of course with the united states the only markets which is trading president barack obama on friday will be making a new scaled back offer in a bid to avoid the looming fiscal cliff the clock is ticking away meanwhile the market is dropping for the fifth consecutive session europe is also dropping on pretty much the same fears but there's still one more day this year to turn that trend around us of thirty first of december as you can see the market is also down russia's ruble ended the final session of the year on a down note but over the year ruble strengthened five percent against the dollar so it's been quite a good year for the ruble russia's markets also saw a final bit of a sell off but that's because nobody wants to assume the risks of missing ou
unprecedented levels of about twenty five percent in spain and greece and with upcoming elections in italy and germany the european union is facing plenty of political as well as economic uncertainties like they say you're never a loser until you quit trying gnashing it's clear business are. going to what's happening in the markets we start of course with the united states the only markets which is trading president barack obama on friday will be making a new scaled back offer in a bid to avoid...
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Dec 21, 2012
12/12
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we're seeing a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. t
we're seeing a rotation into safety, out of risk and out of spain and italy. about 4.5% for italy. thin trading in markets is exacerbating the move that we're seeing as we approach the year. today, the austy dollar is weaker against the u.s. dollar by about .4%. proxy there for global growth prospects. the dollar/yen is weaker by about .25%. this as markets digest the news out of the boj and gauge whether they'll be successful in boosting inflation ultimately. the euro/dollar, 1.3221. so for...
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Dec 13, 2012
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italy has a dead auction coming up later in the show. as for spain and germany, they are seeing yields drip lower this morning, as well. back across the board, the guilt down 1.82%. the euro/dollar was barely weaker the last time we checked and now it's drifting a little further. 1.3064. it's still above that level. and the dollar/yen now receding to almost flat if not a little lower on the morning. now european leaders are expected to agree on the next tranche of aid for greece when they meet today. sylvia is in brussels to follow aus of these negotiations for us. sylvia, a torturous route for greece. are they finally going to get this money? if so, what does that change. >> well, it at least gives them a bit of breathing space. it doesn't change anything in terms of the overall dismal situation of the country. there was a letter of the german finance minister yesterday, written so it is by one of the deputies to the german bundes stock where he basically said, we are ready to sign up the next package for greece. this has not been confi
italy has a dead auction coming up later in the show. as for spain and germany, they are seeing yields drip lower this morning, as well. back across the board, the guilt down 1.82%. the euro/dollar was barely weaker the last time we checked and now it's drifting a little further. 1.3064. it's still above that level. and the dollar/yen now receding to almost flat if not a little lower on the morning. now european leaders are expected to agree on the next tranche of aid for greece when they meet...
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they'll now put a bullet scone into the race for the premier was forced out of the post last year over italy spain official hardships while in october of this year he was convicted of tykes fraud. plus floods in argentina have wreaked havoc for people in the capital with advancing waters leaving them stranded in the streets they have a rain sore some people resorting to moving around the city to encounter news turning good as arias into a latin american version of venice the authorities were also forced to close neurosis rather than metro lines. greek youths have clashed with police in athens as they took to the streets and marking the fourth anniversary of a deadly police shooting security officers had to resort to tear gas to disperse the angry mob while three people were arrested in two thousand and eight a police shot dead a fifteen year old teenager was triggered massive protests and saw that the officer jailed for life two years late. so the financial pain for greece and europe in general doesn't seem to be going anywhere despite all the effort obvious cost talk show today asks whether
they'll now put a bullet scone into the race for the premier was forced out of the post last year over italy spain official hardships while in october of this year he was convicted of tykes fraud. plus floods in argentina have wreaked havoc for people in the capital with advancing waters leaving them stranded in the streets they have a rain sore some people resorting to moving around the city to encounter news turning good as arias into a latin american version of venice the authorities were...
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Dec 19, 2012
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and italy and spain seeing yields coming down. italy below 4.4%. you know, when it comes to the urgency with regard to italy or, say, spain asking for help, you can understand why policymakers are reluctant and probably will be until their hand is forced. spain below 5.4%. the euro dollar is stronger as is sterling. euro/dollar adding .3%. nearly 133. remarkable if you consider all that we've been through. perhaps a headwind again for the periphery that would prefer to see a lower exchange rate. meantime, also the dollar/yen one to focus on, adding about -- just about .2%, just under.2% today, 84.35 the level there. for more on what the weaker yen has been doing to support trade in the nikkei and across asia, let's get to deirdre wang morris, joining us from singapore. hi. >> reporter: hey, kelly. that weaker yen has been doing a lot to continue to fuel the rally that we are seeing in japanese equities. now another thing that it's doing is heaping pressure on the governor there. they began their two-day policy meeting today. and expectations are ve
and italy and spain seeing yields coming down. italy below 4.4%. you know, when it comes to the urgency with regard to italy or, say, spain asking for help, you can understand why policymakers are reluctant and probably will be until their hand is forced. spain below 5.4%. the euro dollar is stronger as is sterling. euro/dollar adding .3%. nearly 133. remarkable if you consider all that we've been through. perhaps a headwind again for the periphery that would prefer to see a lower exchange...